China-Belarus industrial park expects to get $120m in investments in 2016

25 June 2015

MILAN (BelTA) – The Chinese-Belarusian industrial park Great Stone expects to receive around $120 million in investments in 2016, BelTA learned from First Deputy Director of the Chinese-Belarusian Industrial Park Kirill Koroteyev during the Belarusian Economy Day as part of World Expo Milano 2015 on 25 June.

“Today we are at the construction stage developing the territory of around 350 ha. Some $90 million has already been invested in the project, and we expect to get $120 million next year,” Kirill Koroteyev noted. In his words, the necessary infrastructure will be ready by September 2016. A logistics park is also currently under construction.

As many as seven Chinese, Belarusian, and Russian companies are presently registered as residents in the park. “We would be happy to see European companies among our residents,” Kirill Koroteyev said.

The Belarusian Economy Day is held as part of World Expo Milano 2015 on 25 June. Its participants will present Belarus' investment potential, new conditions for economic cooperation arising from Belarus' membership in the Eurasian Economic Union, and the experience of cooperation in the implementation of trade and long-term financing projects. The program also features a business matchmaking session.

Partaking in the expo are the biggest Belarusian and Italian companies involved in food-processing industry, machine building, light industry, instrument engineering, healthcare, petrochemical industry, pharmaceutics, power engineering, information technologies, and other sectors of economy. The participants also include representatives of international financial institutions, Italy's largest banks, and Italian authorities.

Ministry of Foreign Affairs of the Republic of Belarus